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In the past few years, China’s e-commerce market has been expanding rapidly. When this report was first published in 2009, only 50.6% of transactions were processed through an online payment channel. Today, more and more payments are occurring online: 73.9% of transactions are processed online and only 11.6% of transactions are cash on delivery. In this report we identify the characteristics of the Chinese online payment market and China’s B2C e-commerce market.